megb6806 replied to the topic About to purchase first investment property and I am already confused in the forum Help Needed! 10 years ago
Hi. Thanks guys for your responses.
Yes the contract has the clause “subject to finance”. This will be our first property and I am planning to get an interest only type of loan. In this case how can a property move into positevely geared if I am only paying interest? The current tenant pays 350 a week and according to a preliminary calculations…[Read more]megb6806 started the topic About to purchase first investment property and I am already confused in the forum Help Needed! 10 years ago
Hi. I am wondering if someone can help me out here. My wife and I put a offer on a property we are purchasing, two days ago. (19/04/2014), The contract for sale of land has been signed by wife and I and we are about to pay for the deposit, around $1000. We still haven’t applied for bank loan, we are doing it tomorrow through a local broker. I…[Read more]
megb6806 became a registered member 10 years ago